Question: The demand equation for a certain item is p = 14 - and the cost equation is C(x) = 7,000 + 4x. Find the marginal

The demand equation for a certain item is p = 14 - and the cost equation is C(x) = 7,000 + 4x. Find the marginal profit at a production level of 3,000 and interpret the result.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1 The demand equation for a certain item is p =14 - and the cost equation is C(x) = 7,000 + 4x. Find the marginal profit at a production level of 3,000 and interpret the result. X 1,000 . $7; at the...

the demand equation for a certain item is p= 14 - x/1000 and the cost equation is C(x)=7,000 +4x. Find the marginal profit at a production level of 3,000 and interpret the result

203 (15 points) Suppose that an economy has a constant nominal money supply, a constant level of real output Y=1500, and a constant real interest rate r= 0.05, and it's expected rate of inflation is...

macroecon Suppose that the demand equation for a monopolist operating in Nairobi is and the cost function is C(x) = 50x + 100 where x is the production level a) Given that the total revenue R (x) =xP...

fr refer to the following Ramsey model, COVID-19 shocks. Government expenditures and TFP 1.a.-Government expenditures: Assume that the economy is converging to its long term steady state along the...

Hello. Please help me solve these. Thank 1) A company manufactures and sells a: widgets per week. The weekly price-demand function is: p(m) = 23 2:. :1. Find the marginal revenue mction. R'(m) = :]...

Calendar X VA Final Exam Review - 1320 - M X Course Hero x + C webassign.net/web/Student/Assignment-Responses/submit?dep=25947248&tags=autosave#question4916124_21 A :: Apps M SIMnet - Keep IT......

Q1. On a summer day, the bottom water of a lake is at a temperature of 5 Celsius. What is this temperature in Fahrenheit? a. 37 b. 5 c. 41 d. 9 Q2. Which cost function for the problem. Assume that...

Unanswered 7 1 pts Question 1 2022 Spring Home Find the x coordinate of the point where the graph of the equation y = (x - 6 + 10 ) (2x) has a horizontal Announcements tangent line. (1 point)...

MULTIPLE CHOICE.Choose the one alternative that best completes the statement or answers the question. 1) If the marginal product per dollar spent on capital is less than the marginal product per...

What five factors determine your credit score, and how are these factors weighted by BEACON?

How can you use interest rate differentials to understand the probability of a devaluation and the potential magnitude of the devaluation?

Make sure to show all calculation - Aegon Corporation, a mining company, has recent earnings per share and dividend per share of $ 3 . 1 5 and $ 2 . 6 0 , respectively. Aegon's CFO expects both to...

1. Discuss the reasons for some line managers apparent reluctance to get involved in performance management and suggest ways to convince them of the value of this process to them.

5. From the techniques presented in this chapter, which ones would be useful in establishing if the candidate has the knowledge and skills, as stated in their CV?

5. Why do employment interviews have such a low validity and what can be done to improve the validity?